NFL free agency began on March 18, just as the coronavirus outbreak was building across the country. As a result, team executives have been forced to make crucial decisions from their homes.

The quarantine, however, has been the only unfamiliar aspect of the period — football fans still are experiencing the same drama they’ve come to expect every year. From Tom Brady joining the Tampa Bay Buccaneers to Todd Gurley signing with the Atlanta Falcons after being cut unexpectedly by the Los Angeles Rams, NFL fans have seen plenty of action during this year’s free agency period.

With many notable moves already accounted for, GOBankingRates looked at how much each NFL team has spent on free agents this offseason. As of April 21, teams had signed an average of nine free agents, with the total value of those deals averaging more than $73 million per team. However, the variance between the top-spending teams and lowest-spending teams might surprise you.

It’s important to note that GOBankingRates gathered these numbers before the NFL Draft was held April 23-25, so there’s a good chance your team additionally has signed a handful of undrafted free agents. Find out how many veteran players the richest NFL teams have picked up this offseason.

Methodology: GOBankingRates used Spotrac’s 2020 NFL free agents data to find out which teams have spent the most in free agency this offseason. GOBankingRates looked at every team’s 2020 free agent signings through April 21, 2020. Under this criteria, GOBankingRates analyzed each team’s free agent signings in terms of (1) years of contract; (2) total dollar amount of the contract; (3) average annual value of the contract found by dividing total dollar amount by the number of years in the contract; (4) total guaranteed money from the contract; (5) fully guaranteed money at the signing of the contract; and (6) the 2020 cap hit for each free agent contract. The six factors were combined for all free agent signings for each team to produce the final totals. All data was collected on and up to date as of April 21, 2020.

About the Author

Chris joined GOBankingRates in 2016 and has over five years of experience working at various print and digital publications. Prior to joining GOBankingRates, he served as a copy editor on the news and sports desk at The Times of Northwest Indiana. He received his BA in English from Illinois State University.

NFL free agency began on March 18, just as the coronavirus outbreak was building across the country. As a result, team executives have been forced to make crucial decisions from their homes.

The quarantine, however, has been the only unfamiliar aspect of the period — football fans still are experiencing the same drama they’ve come to expect every year. From Tom Brady joining the Tampa Bay Buccaneers to Todd Gurley signing with the Atlanta Falcons after being cut unexpectedly by the Los Angeles Rams, NFL fans have seen plenty of action during this year’s free agency period.

With many notable moves already accounted for, GOBankingRates looked at how much each NFL team has spent on free agents this offseason. As of April 21, teams had signed an average of nine free agents, with the total value of those deals averaging more than $73 million per team. However, the variance between the top-spending teams and lowest-spending teams might surprise you.

It’s important to note that GOBankingRates gathered these numbers before the NFL Draft was held April 23-25, so there’s a good chance your team additionally has signed a handful of undrafted free agents. Find out how many veteran players the richest NFL teams have picked up this offseason.

Methodology: GOBankingRates used Spotrac’s 2020 NFL free agents data to find out which teams have spent the most in free agency this offseason. GOBankingRates looked at every team’s 2020 free agent signings through April 21, 2020. Under this criteria, GOBankingRates analyzed each team’s free agent signings in terms of (1) years of contract; (2) total dollar amount of the contract; (3) average annual value of the contract found by dividing total dollar amount by the number of years in the contract; (4) total guaranteed money from the contract; (5) fully guaranteed money at the signing of the contract; and (6) the 2020 cap hit for each free agent contract. The six factors were combined for all free agent signings for each team to produce the final totals. All data was collected on and up to date as of April 21, 2020.

About the Author

Chris joined GOBankingRates in 2016 and has over five years of experience working at various print and digital publications. Prior to joining GOBankingRates, he served as a copy editor on the news and sports desk at The Times of Northwest Indiana. He received his BA in English from Illinois State University.

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